Selling Swing: selling 385 dec puts at 5.25-.15 550% profi
Posted: Thu Dec 15, 2011 10:23 am
Selling Swing: selling 385 dec puts at 5.25-.15 550% profit and buying 385 weekly calls at .90 OVERSIZED. Now this is still great profits on the 385 puts but even greater due to the profits we have from the butterfly short on 380 puts that have depreciated. now if you do the math this leaves the remaining 380 puts short with twice the contract amount of the long on 375 those who can't go naked should first double to the 375 puts long to make the position even in contract amount. I will be adding to the long leg but do it latter something many can't do but strategy is the same. Am also considering buying TLT puts to go bearish bonds or buying some calls for todays data was very good even though technically the markets are not out of the woods.
This trade is one part of a larger strategy so please look back at Previous posts to see the whole picture. AND IF YOU ARE NEW, PAPER TRADE FOR AT LEAST A FEW MONTHS because this is ADVANCED OPTIONS TRADING !!
This trade is one part of a larger strategy so please look back at Previous posts to see the whole picture. AND IF YOU ARE NEW, PAPER TRADE FOR AT LEAST A FEW MONTHS because this is ADVANCED OPTIONS TRADING !!